Market Report for Single Family Detached Homes Carlsbad 92010 - Q1 2018
The 1st quarter of 2018 has been a busy year in the real estate market in the Carlsbad 92010 area, but with some shifts from the same period in 2017. In this report we take a look at what happened with single family detached homes sales in the Carlsbad 92010 area for the 1st quarter of 2018, and current and pending listings.
The 92010 area of Carlsbad includes Calavera Hills (TOP photo is of Mount Calavera), Tamarack Point, The Summit, The Foothills at Carlsbad, Carlsbad Heights, Spinnaker Point, the new planned communities of Robertson Ranch (2 of the 4 neighborhoods are gated communities) and The Preserve, and other neighborhoods to the west but east of El Camino Real, with a mix of attached (condos, town homes, twin homes) and detached single family homes.
SINGLE FAMILY DETACHED HOME SALES
- 35 single family detached homes sold in 92010 in Q1 of 2018 (13% more than in 2017)
- Average sales price was $893,930 – up 11% from Q1 2017 average prices
- Sales prices ranged from $575,000 to $1,550,000
- Median price was $850,000, up 10% over the Q1 2017 median sales price.
Single family detached homes sold quickly in Q1 2018, with an average time on the market of 23 days, versus 29 days for 2017.
Homes sold for 100% of asking price on average, with 57% of the properties selling at list price or above. 17% of the home sales were cash transactions.
New construction sales in the Robertson Ranch community influenced average prices for detached homes in 92010. Of the homes sold in Q1 of 2018, 6 (17%) were new builds, all of which sold for over $1 million. The average price of resale homes, excluding these new homes, was $815,241.
CURRENT MARKET AS OF APRIL 14, 2018
As of this writing there are 24 single family detached homes for sale in 92010, ranging in price from $699,000 to $1,799,995 (average price of $1,142,547). Eleven of these homes are new builds, priced at over $1,000,000, and are for sale in the new Robertson Ranch community; overall homes have been on the market for an average of an average of 54 days.
There are 22 homes that are pending (on the market for an average of 34 days); 7 of these are brand new homes in Robertson Ranch, including an amazing model home with about 5000 SF, fully furnished and landscaped, and priced at $2,599,995.
Based on the rate of sales in Q1 and current listings we have about 2 months of inventory of single family detached homes, a market that favors sellers.
If you would like more detailed information about the local real estate market conditions in the 92010 area, including attached condos and town homes, and are interested in exploring the housing options in your budget, please contact me at (760) 840-1360 for a personal consultation.
I am happy to set up a customized search for you based on your criteria, as well as to let you know when a property that fits your criteria will be coming on the market in Carlsbad.